THQ's Fiscal 2013 First Quarter Results are online, revealing losses for the period, albeit not as large as projected. Still the new is not good, and is followed by the worse news from a post-earnings conference call that the company has cancelled preproduction of InSane, a high profile collaboration with Guillermo del Toro, saying the rights to the property are being returned to the Hollywood director. "We have decided not to pursue further pre-production on Insane, and have returned all of our IP rights to Guillermo del Toro," said THQ president Jason Rubin. "By canceling these explorations outside of our core business, we feel we can improve focus on our core game portfolio, which remains unchanged." This prompted George Broussard to tweet: "THQ is done. Will just be a year or so going through the paces. Will see how Darkstalker 2 team fares post ship."

Post CommentEnter the details of the comment
you'd like to post in the boxes below and click the button at
the bottom of the form.

zombiefan wrote on Aug 6, 2012, 21:21:Crash and burn, you greedy fucks. Can't wait for the thread about their closure.

Those "greedy fucks" have mostly been ousted (likely not the board) and replaced with a guy that has given endless talks about the value of employee time and how looking out for employees first makes for better games.

Let's hope he fails and never gets to incorporate that thinking into another publisher!

Er, what? Yeah God forbid a company exec actually gives two shits about the company employees....

Sometimes I think Beamer jumped forward in time from the 1950's (he sounds like a good McCarthy snitch) or from 15th century Spain....